France-based Lactips raises 16M to produce biodegradable plastic alternatives
Briefly

Chloé Schiaffino, Investment Director at Bpifrance, states, 'As a shareholder since 2020, we have supported Lactips in developing innovative products, enhancing its industrial facilities, and seizing new market opportunities within a positive societal and regulatory environment.'
'Today, Lactips provides relevant, industrially-proven solutions that have been embraced by several prominent clients. This new funding round offers an opportunity to strengthen and solidify the company's assets while accelerating its commercial growth and international expansion.'
'Lactips creates plastic-free, biobased alternatives to traditional plastics. Its water-soluble and fully biodegradable products provide sustainable solutions for packaging, labelling, agriculture, and outdoor sports.'
'The company uses natural proteins, like caseins, in its patented technology, and its products are edible, mass-producible, and have strong barrier properties.'
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